Brief: DEAG: Q1 Sales Up At EUR 31 Mln

Deag Deutsche Entertainment AG

16/05/2022 13:53

May 16 (Reuters) - DEAG DEUTSCHE ENTERTAINMENT AG  LOUn.H :
    * SALES SOAR IN FIRST QUARTER OF 2022 - POSITIVE EBITDA AND
ALREADY PROFITABLE TICKETING SEGMENT IN THE TRADITIONALLY WEAKER
FIRST QUARTER
    * STRONG START TO 2023 ALSO ALREADY FORESEEABLE
    * Q1 SALES LEAP FROM EUR 1.1 MILLION TO EUR 31 MILLION
    * STRONG FINANCIAL POSITION WITH AROUND EUR 122 MILLION IN
AVAILABLE LIQUIDITY
    * 2022 SALES SET TO MASSIVELY EXCEED PRE-CORONA LEVEL AND
EBITDA
TO RISE SHARPLY
    * EBITDA IN Q1 OF 2022 WERE AROUND EUR 2.8 MILLION (PREVIOUS
YEAR:
EUR 2.4 MILLION) AND THUS CONSIDERABLY HIGHER THAN PLANNED
    * CEO: "IN 2022 AS A WHOLE, WE WILL MASSIVELY INCREASE OUR
SALES
AND EVEN SIGNIFICANTLY EXCEED PRE-CORONA LEVEL"

Source text for Eikon:  ID:nEQ35mZ1Ta 
Further company coverage:  LOUn.H 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))